Examlex
The two-spirit are best described as:
Discount Period
The timeframe during which a payment can be made at a reduced rate, often used in terms of early payment of invoices for goods or services.
Controlling Accounts
A summary account in the general ledger that consolidates the totals of subsidiary ledger accounts.
Subsidiary Accounts
Detailed records that support or are linked to a general ledger account, providing specifics about transactions.
General Ledger
A comprehensive set of accounts that records all financial transactions of a business, providing the data needed to compile financial statements.
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